Local players see opportunities in multinationals’ exit from coal

The exodus from SA coal by multinational companies will make way for new local mining powerhouses, the CEOs of SA’s largest mining companies have said.

Speaking at the Coal Industry Day on Tuesday, July Ndlovu, CEO of Thungela, a listed coal company carved out of Anglo American in June, said the exit from thermal coal by major owners is a global trend...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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